Market Overview:
The global flue gas desulfurization device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising concerns about environment pollution. Based on type, the global flue gas desulfurization device market is segmented into fully automatic and semi-automatic devices. The fully automatic devices segment is expected to grow at a higher CAGR than the semi-automatic devices segment during the forecast period. This can be attributed to their ability to remove sulfur dioxide (SO2) from flue gases more effectively as compared with semi-automatic devices. Based on application, the global flue gas desulfurization device market is divided into power plants, heating plants, and other applications such as cement factories and refineries. The power plants segment dominates this market owing to an increase in investments in new power plant construction projects across different regions of the world coupled with stringent environmental regulations related to SO2 emissions from these plants.
Product Definition:
A flue gas desulfurization device is a piece of pollution control equipment that removes sulfur dioxide from the exhaust gases of coal-fired power plants. The importance of flue gas desulfurization devices is that they help to reduce air pollution and improve air quality.
Fully Automatic:
Fully automatic flue gas desulfurization device (FGD) is a process used to remove sulfur from flue gas before it is released into the atmosphere. FGDs are widely used in power plants for reducing SO2 and H2S emissions. The FGD market has been growing at a steady pace owing to the stringent regulations imposed by governments across various countries such as U.S., China, India, etc.
Semi Automatic:
Semi-automatic flue gas desulfurization device (FGD) is a process used to remove sulfur from flue gas before it is released into the atmosphere. FGDs are primarily used in coal-fired power plants for reducing SO2 and H2S emissions that contribute to acid rain. The product has gained popularity owing to its ability of reducing harmful plant emissions without requiring any human intervention, which makes it an ideal choice for environment protection.
Application Insights:
The power plants application segment accounted for the largest share of over 50% in 2017. The growing demand for electricity is expected to drive the demand from power plants application segment over the forecast period. Flue gas desulfurization devices are used in various applications including direct combustion turbines, combined-cycle natural gas turbines, and boilers, among others. Direct combustion turbines are likely to witness significant growth owing to their ability to reduce sulfur dioxide (SO2) and nitrogen oxides (NOx) emissions significantly as compared with other conventional technologies such as coal or fuel oilfired power generation equipment.
In addition, these devices help control corrosion caused due to SO2 emission which is an important factor while selecting a suitable installation site for a boiler plant or any other industrial facility that uses flue gases as fuel source.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 and is anticipated to witness significant growth over the forecast period owing to large scale installation of FGD units in China and India. In addition, increasing number of coal based power plants in Japan on account of regulatory support for promoting investments at domestic level is projected to drive demand FGD systems across Asia Pacific during the forecast period.
Europe was estimated as one of the largest markets for flue gas desulfurization devices with a revenue share exceeding 20% in 2017 owing to stringent emission norms laid down by European Union (EU) regarding environmental pollution caused by burning fossil fuels such as coal, oil etc., which has compelled power generation companies operating within Europe region adopt FGDs system at their source plant thereby driving demand across this region during the same year.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for emissions of sulfur dioxide from power plants
- Availability of government subsidies and incentives for installation of flue gas desulfurization devices
- Rising prices of natural gas, coal, and oil, which increases the cost of generating electricity from these sources
- Technological advancements that result in more efficient and compact flue gas desulfurization devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Flue Gas Desulfurization Device Market Research Report
By Type
Fully Automatic, Semi Automatic
By Application
Power Plants, Heating Plant, Other
By Companies
GE Steam Power, MHPS, Hamon, Ducon, Babcock & Wilcox, Thermax, Valmet, Sargent Lundy, Barton Malow
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Flue Gas Desulfurization Device Market Report Segments:
The global Flue Gas Desulfurization Device market is segmented on the basis of:
Types
Fully Automatic, Semi Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Plants, Heating Plant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Steam Power
- MHPS
- Hamon
- Ducon
- Babcock & Wilcox
- Thermax
- Valmet
- Sargent Lundy
- Barton Malow
Highlights of The Flue Gas Desulfurization Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Automatic
- Semi Automatic
- By Application:
- Power Plants
- Heating Plant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flue Gas Desulfurization Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A flue gas desulfurization device (FGD) is a technology used to remove sulfur dioxide and other pollutants from flue gases from power plants. FGDs use an oxidant, such as oxygen or ozone, to break down the molecules that contain sulfur dioxide.
Some of the major companies in the flue gas desulfurization device market are GE Steam Power, MHPS, Hamon, Ducon, Babcock & Wilcox, Thermax, Valmet, Sargent Lundy, Barton Malow.
The flue gas desulfurization device market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flue Gas Desulfurization Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flue Gas Desulfurization Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flue Gas Desulfurization Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flue Gas Desulfurization Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flue Gas Desulfurization Device Market Size & Forecast, 2020-2028
4.5.1 Flue Gas Desulfurization Device Market Size and Y-o-Y Growth
4.5.2 Flue Gas Desulfurization Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fully Automatic
5.2.2 Semi Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Plants
6.2.2 Heating Plant
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flue Gas Desulfurization Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flue Gas Desulfurization Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fully Automatic
9.6.2 Semi Automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Plants
9.10.2 Heating Plant
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fully Automatic
10.6.2 Semi Automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Plants
10.10.2 Heating Plant
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fully Automatic
11.6.2 Semi Automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Plants
11.10.2 Heating Plant
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fully Automatic
12.6.2 Semi Automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Plants
12.10.2 Heating Plant
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fully Automatic
13.6.2 Semi Automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Plants
13.10.2 Heating Plant
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flue Gas Desulfurization Device Market: Competitive Dashboard
14.2 Global Flue Gas Desulfurization Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Steam Power
14.3.2 MHPS
14.3.3 Hamon
14.3.4 Ducon
14.3.5 Babcock & Wilcox
14.3.6 Thermax
14.3.7 Valmet
14.3.8 Sargent Lundy
14.3.9 Barton Malow
